‘It looks generally positive for real estate’

GURGAON: The budget may have failed to live up to the expectations of the realty sector, but realtors believe that one can’t shy away from the fact that this is a responsible budget. “The budget in general is encouraging but tepid as far as real estate is concerned. A first-time housing loan up to Rs 25 lakh would get additional deduction of interest of up to Rs 1 lakh is a welcome step and would empower buyers. Also, more spending on infrastructure projects and setting up of the urban housing fund will give a boost to the housing sector,” explained Sanjey Roy, senior vice-president, Corporate Communications, DLF Ltd. According to